Freddie Mac MiMi finds Houston as strong but deteriorating

Freddie Mac released its Multi-Indicator Market Index (MiMi) January 27 for November 2015. The MiMi shows that the housing market continues to improve.

The MiMi judges a market as in-range if it’s between 80 and 120. Nationally, the market is in-range at 82.5, which is a monthly change of 0.82 percent and an annual change of 7.23 percent.

The MiMi is gauged by four indicators: purchase applications, payment-to-income, current on mortgage and employment. While purchase applications, payment-to-income and employment are on the rise, only employment is considered “in-range.”